Premium Urban Infill Redevelopment/ User Opportunity

Multi-Family for Sale
Sale Pending/Contingent
Also listed as Industrial
Catylist Listing ID: 30662056
Property Subtypes: Mid-Rise, Other
Status: Pending/Contingent
Number of Units: 19 Units
Building Size (RSF): 40,410 SF
Gross Land Area: 23,269 SF
Sale Price: $1,495,000
Unit Price: $78,684.21 Per Unit
Property Use Type: Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 4/20/2021

Overview / Comments

CONDITIONALLY SOLD. Colliers’ National Investment Services in Winnipeg is pleased to announce that it has been retained to act as the exclusive agent in the sale of 83 Kate Street in Winnipeg, Manitoba on behalf of the registered owner. Ideally located in close proximity to Health Sciences Centre, 83 Kate Street offers an excellent opportunity for a warehouse user with ancillary office needs or a capable rehabilitator or builder of multi-family apartments. With significant urban infill potential as evidenced by the recent improvements invested at 576 McDermot Avenue by the Winnipeg Housing Rehabilitation Corporation (WHRC), this asset is well positioned to capitalize on the trade area rejuvenation in West Alexander.

- A rare and truly unique opportunity to acquire a premium urban infill site quietly nestled along Kate Street in the established residential neighbourhood of West Alexander;
- Includes a 44-stall surface parking lot adding to the long term site feasibility and access;
- Ideally located less than a 5 minute walk from the Health Sciences Centre and in close proximity to downtown Winnipeg;
- On-going refurbishment of nearby properties is an encouraging gentrification neighbourhood trend; and
- Offered clear of mortgage encumbrances.

Offered for sale at a significantly reduced price of $1,495,000 ($37 PSF of building area) with all offers to be considered by the Vendor as they are received.

Please contact Colliers at 204-943-1600 for more information.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 5A
Tax ID/APN: 13061402000
Zoning: RMF-S

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Photograph of Listing Agent

Clarise Mare

Colliers International
CPIX® Member
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